Insurance Product Manager- Personal Lines

Central Insurance Company • Van Wert, OH

13h • Hybrid

About The Position

We are a team of employees who are passionate to deliver best in-class customer service and innovation in the industry. It’s because we put Integrity, Relationships and Excellence in all aspects of our work.

Our employees have the opportunity to fully utilize their talents and bring their best self. We believe that who you are is just as important as what you do!
As an Insurance Product Manager- Personal Lines, you will work closely with cross-functional teams and will focus on evaluating the market and competitive landscape, defining the value and viability of opportunities and making prioritized decisions regarding your product area.

Requirements

• Master’s degree in business and 2 years direct Insurance Product Management or related experience
• Or bachelor’s degree in business and 4 years direct Insurance Product Management or related experience
• Or 6 years direct Insurance Product Management or related experience
• Strong research skills to conduct primary and secondary market research
• Ability to gather and synthesize large quantities of information to find unmet needs and opportunities
• Strategic thinking skills to translate research and market insights into an actionable product roadmap
• Basic financial accounting skills to understand product P&L, populate predefined business case templates, and make recommendations based on the results
• Ability to collaborate and co-lead groups of people in innovation workshops
• Clear communication style to explain prioritization decisions and articulate product strategy and roadmaps
• Dynamic public speaking and presentation skills
• Ability to lead through subject matter expertise and influence rather than direct reporting relationships

Nice To Haves

• Experience working in an Agile environment

Responsibilities

• Conduct market discovery through research relating to the competitive landscape, industry trends, and emerging technology affecting your product area in assigned states
• Work closely with digital product, business intelligence, pricing, data science and underwriting to understand your product portfolio and define your target customer
• Partner with underwriting operations, legal, and the security and compliance team to understand the legal and regulatory requirements of your product in assigned states
• Own the P&L performance of your product and drive its profitability. Establish, communicate and execute product strategies aligned with corporate objectives that drive profitable growth in your assigned states
• Identify, research, evaluate, and prioritize product development and enhancement opportunities
• Create and manage a product roadmap and coordinate with cross-functional team including pricing, data science, underwriting operations, ITPC, compliance, underwriting, distribution, claims, and customer service to understand delivery plans and be able to answer questions on roadmap timing
• Ensure underwriting operations and ITPC have the necessary information to execute insurance product changes. Set stakeholder expectations on roadmap and explain prioritization decisions. Work with distribution, regional offices, and digital product to rollout insurance product changes
• Track progress towards business outcomes. Identify and communicate any objections, delays or potential blockers and adjust roadmap as necessary
• Track financial and performance metrics to understand progress towards product and business outcomes. Actively monitor KPI metrics and share results with durable team members

Benefits

• Central establishes base pay based on several factors including labor market data and an evaluation of candidate qualifications relative to role requirements. Base pay is one component of a comprehensive total rewards package designed to support employees’ financial, health, career, and retirement objectives.
• Central provides extensive health and wellness benefits to promote flexibility, work-life balance, and long-term financial security.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees